'Good Price Management'... Yongin City Rated in Top 10% Nationwide

Only One 'Best Excellence' in the Province in the Ministry of the Interior and Safety Evaluation
Secured 150 Million KRW in Special Grants

Yongin City in Gyeonggi Province was the only local government in the province to receive the highest rating in the price management evaluation in the second half of last year.

Lee Sang-il, Mayor of Yongin (center), is taking a commemorative photo with the staff in charge after being selected as the best institution in the price stabilization management performance evaluation.
[Photo by Yongin City]

On the 3rd, Yongin City announced that it was selected as an 'Excellent' institution in the '2023 Second Half Local Price Stability Management Evaluation' conducted by the Ministry of the Interior and Safety, securing a special grant of 150 million won. Among local governments in Gyeonggi Province, Yongin City is the only one to receive the highest 'A' grade, ranking in the top 10%.

The Ministry of the Interior and Safety evaluates 243 local governments nationwide based on factors such as local public utility price stability management, support for reasonably priced stores, inflation rates of personal service fees, and achievements in promoting local price stability, selecting outstanding institutions.

The city minimized increases in local public utility fees directly related to the livelihood of ordinary citizens, operated special measures for price stability during vacation seasons and before holidays, and conducted price stabilization campaigns, earning high scores in this evaluation.

In particular, before holidays, the city held direct shopping events at traditional markets to encourage citizens to use them, actively promoted reasonably priced stores, and implemented policies for price stabilization such as operating a price monitoring team.

Earlier, in the first half of last year, the city received a 'B' grade in the local price stability management evaluation and received a special grant of 100 million won.

Lee Sang-il, Mayor of Yongin City, said, "I am pleased to receive an evaluation that we have managed prices stably for citizens during difficult times of high interest rates and high inflation," adding, "Since prices are directly related to citizens' lives, we will continue to implement various price stabilization policies."

This content was produced with the assistance of AI translation services.